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Important and relevant issues which need disclosing are: Flooding issues, whether current or historic. Any known structural issues concerning the property. Proposals for nearby development and construction (if applicable)
As a seller, you might be wondering whether you need to legally disclose anything when selling a property. The answer is yes, you are legally obligated to disclose all known information about the property to potential buyers, both positive and negative.
There is an obligation to disclose habitation or dangerous deficiencies discovered after the Agreement is signed but before closing. Nonetheless, vendors are not liable if they have no knowledge of the latent defect.
Other than the lead paint and septic system disclosures, sellers in Massachusetts generally dont have to reveal anything else concerning the condition of their property. That is, unless the buyer asks. If a prospective buyer has specific questions about the property, a seller must truthfully disclose the information.
There are two things that sellers must disclose in Massachusetts: the existence of lead paint in the house and presence of a septic system. However, if a prospective buyer asks questions, the seller cannot lie or hide the truth.
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Property sellers are usually required to disclose negative information about a property. It is usually wise to always disclose issues with your home, whether you are legally bound to or not. The seller must follow local, state, and federal laws regarding disclosures when selling their home.
Although a disclosure statement is not required, the state does mandate the disclosure of two types of information to any prospective buyer: the existence and hazards of lead paint, and the presence of a septic system on the property. Sellers in Massachusetts must disclose the presence of lead to prospective buyers.
If you are selling your home in Massachusetts, legally, you do not have to disclose the presence of asbestos. However, if your home contains formaldehyde foam insulation or lead paint, you do have a legal obligation to notify the buyer about their presence.
What Do House Sellers Have to Disclose? The main point to bear in mind is that you need to be honest and disclose all known information about the property, both positive and negative. Secrecy and deceit are not permitted under any circumstances and may even lead to prosecution.
There are two things that sellers must disclose in Massachusetts: the existence of lead paint in the house and presence of a septic system. However, if a prospective buyer asks questions, the seller cannot lie or hide the truth.

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